In 2024, we had more drama than usual. The Big Three:
- Hotly-contested election.
- Commission debacle.
- Mortgage rates that were supposed to come down, but didn’t.
Any one of those could have derailed the real estate market, but instead we survived just fine:
NSDCC Annual Counts, 2023 vs. 2024
With the drastic drop in inventory since covid, it seemed to make sense that the market could handle an extra 15% to 20% homes for sale.
Indeed – there were 14% more homes for sale, and sales AND pricing increased 9%!
The number of active listings at the start of 2024 was about the same as it was to begin 2023. However, we’re starting 2025 with 16% more actives already, and I expect an early surge. We could easily have 400+ NSDCC homes for sale by the end of January.
Can our local market handle 15% to 20% MORE homes for sale on top of what we had in 2024?
We’re going to find out!
Happy New Year!
